Feb 28, 2013. /Lesprom Network/. Deltic Timber Corporation announced that net income for the 4Q 2012 was $2.4 million, $.19 a share, which compares to a loss of $.2 million, $.02 a share, in 2011’s 4Q. The increase was mainly due to a $4.6 million improvement in Deltic’s Mills segment’s financial results, as the company said in a press release received by Lesprom Network. When compared to the same period of 2011, the Company’s average sales price per-unit of lumber sold during this year’s 4Q increased 29%, and lumber sales volume increased 17%. For the year of 2012, net income was $9.2 million, $.73 a share, compared to $2.7 million, $.21 a share, for the twelve months ended December 31, 2011. Net cash provided by operating activities was $3.1 million for the 4Q 2012, which compares to $.2 million for the same period last year. Cash provided by operating activities for the year of 2012 was $24.1 million compared to $14.6 million for the prior year. Commenting on the results, Deltic Timber Corporation’s President and CEO, Ray C. Dillon stated, “Our portfolio of diverse assets performed well in 2012, and we reported profitable financial results for a tenth consecutive year. Driving the financial results for the current quarter and the year of 2012 was the Company’s ownership and efficient operation of its sawmills. These sawmills also provide a secure market for Deltic’s sustainably managed, valuable timberland assets. With the cash flow generated by our operations during the year, we funded the Company’s 2012 capital program, which included $14.5 million for timberland acquisitions, and distributed $3.8 million to our shareholders through dividend payments, while also reducing debt outstanding by $2.1 million.” The Woodlands segment reported operating income of $4.2 million in the 4Q 2012, compared to $4 million for the same period of 2011. The pine sawtimber harvest during the current-year fourth quarter period was 101,845 tons, a 22% increase when compared to the harvest of 83,246 tons for the same period of 2011. This increase was due to timing, as the Company’s annual harvest volume for 2012 was essentially unchanged from the prior year. The Mills segment reported $5.2 million in operating income in the 4Q 2012, an increase of $4.6 million when compared to operating income of $.6 million during 2011’s 4Q. The Company reported a 29% increase in the average lumber sales price, along with a 17% increase in sales volume, when comparing the 4Q 2012 to the same period of 2011. In addition, the Mills segment benefitted from improved hourly production rates when compared to the prior year. The average lumber sales price was $326 per thousand board feet for the 4Q 2012, an increase of $73 per thousand board feet when compared to $253 per thousand board feet for 2011’s 4Q. The lumber sales volume was 69.2 million board feet in the 4Q of the current period versus 59.1 million board feet in the same period a year ago, an increase of 10.1 million board feet as the Company increased production to match market demand in 2012’s 4Q.